Wells Fargo, Mayor Nutter and New Kensington Community Development Corporation to Announce CityLIFTSM – A New Initiative Designed to Boost Homeownership

Wells Fargo (NYSE: WFC):

WHO:

Michael A. Nutter, Mayor of Philadelphia

Darrell Clarke, President, Philadelphia City Council

Vince Liuzzi, Greater Philadelphia/Delaware Region President, Wells Fargo

Deborah Boatright, Northeast Regional Director, NeighborWorks America

Shanta Schachter, Deputy Director, New Kensington CDC

WHEN:

Thursday, August 23, 2012

3:00 p.m.

WHERE:

1637 N. 32nd Street

Philadelphia, PA 19121

WHAT:

To announce $10 million in grants and program funds for the city of Philadelphia through the CityLIFTSM program – an initiative designed to help people achieve homeownership.

CityLIFTSM will include a two-day event that will take place September 21 and 22 at the Pennsylvania Convention Center where prospective homebuyers may qualify for up to $15,000 in down payment assistance.

In addition, prospective home buyers will be able to take advantage of home buyer education sessions and tours of selected residential properties that are available for sale in the City of Philadelphia. 1637 N. 32nd Street is one of the homes to be featured.

Wells Fargo will collaborate with the City of Philadelphia and the non-profit organization NeighborWorks America and its local affiliate, New Kensington Community Development Corporation, to execute the program.

CityLIFTSM is modeled after Wells Fargo’s highly successful NeighborhoodLIFTSM program, the first of its kind in the banking industry.

COVERAGE INVITED.

Contacts:

Media:
Wells Fargo
Barbara Nate, 215-670-3972
or
City of Philadelphia
Paul Chrystie, 215-686-9721
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